We have seen a weaker jobs report and a weaker CPI report. One report is not a trend, but two is more interesting. So we are waiting on pins and needles..
In my opinion, precious metals’ positive reaction to lower inflation backs up what we’ve been saying about commodities for quite some time. It’s a prelude to what will happen ...
The falling Dollar helped to propel gold higher. The Dollar is, has been breaking and gold left a lot of people on the sidelines. Gold above the 100 days moving average, below the 200 day at $1818.8
Republicans did not look good but gridlock likely in Congress. So who knows where the next two years go. For precious metals, it is now about inflation. CPI today ...
So, my suggestion is to continue to raise cash and bank the profits you made in the market as we rally higher in the coming months, at least until the market proves to us...
Downtrend broken, but gold is overbought, over the Bollinger band, moving into a resistance area. But overall I like what I am seeing here. Has the US Dollar topped? We will know a lot on Thursday's CPI..
